Fly-E Group, Inc. ( (FLYE) ) has released a notification of late filing.
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Fly-E Group, Inc. has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending June 30, 2025. The delay is primarily due to the need for additional time to prepare the financial statements for the quarter. The company plans to file the report within five calendar days following the prescribed due date. Financially, the company has reported a significant decrease in net revenues by 32.3% compared to the same period last year, driven by a reduction in units sold and a decrease in average sales price of electric vehicles. This downturn is attributed to recent lithium-battery incidents affecting consumer confidence in E-Bikes and E-Scooters. Fly-E Group, Inc. is actively working on compliance efforts, as indicated by the signature of CEO Zhou Ou on the notification.
Spark’s Take on FLYE Stock
According to Spark, TipRanks’ AI Analyst, FLYE is a Neutral.
Fly-E Group, Inc. has a mixed outlook. The financial performance is weak due to declining revenue and high leverage, which poses significant risks. However, the technical analysis shows strong upward momentum, which is a positive sign for short-term traders. The valuation is concerning due to negative earnings, suggesting caution for long-term investors. The recent corporate event of regaining Nasdaq compliance is positive but does not significantly impact the overall score.
To see Spark’s full report on FLYE stock, click here.
More about Fly-E Group, Inc.
Average Trading Volume: 1,051,231
Technical Sentiment Signal: Strong Buy
Current Market Cap: $135.5M
For a thorough assessment of FLYE stock, go to TipRanks’ Stock Analysis page.